Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Short Interest Down 36.6% in April

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 20,361 shares, a decline of 36.6% from the March 31st total of 32,120 shares. Based on an average daily trading volume, of 39,422 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On Nuveen AMT-Free Municipal Value Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC boosted its holdings in Nuveen AMT-Free Municipal Value Fund by 1.1% during the 4th quarter. Sanctuary Advisors LLC now owns 74,695 shares of the company’s stock valued at $1,069,000 after acquiring an additional 837 shares during the period. Stephens Inc. AR boosted its holdings in Nuveen AMT-Free Municipal Value Fund by 5.8% during the 1st quarter. Stephens Inc. AR now owns 18,180 shares of the company’s stock valued at $261,000 after acquiring an additional 1,000 shares during the period. Breakwater Capital Group boosted its holdings in Nuveen AMT-Free Municipal Value Fund by 2.0% during the 4th quarter. Breakwater Capital Group now owns 51,335 shares of the company’s stock valued at $735,000 after acquiring an additional 1,003 shares during the period. Access Financial Services Inc. boosted its holdings in Nuveen AMT-Free Municipal Value Fund by 4.4% during the 3rd quarter. Access Financial Services Inc. now owns 47,190 shares of the company’s stock valued at $669,000 after acquiring an additional 2,000 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in Nuveen AMT-Free Municipal Value Fund during the 4th quarter valued at about $30,000.

Nuveen AMT-Free Municipal Value Fund Price Performance

Shares of NUW stock traded up $0.07 on Thursday, hitting $14.12. The stock had a trading volume of 7,529 shares, compared to its average volume of 34,573. Nuveen AMT-Free Municipal Value Fund has a 1 year low of $13.42 and a 1 year high of $14.70. The company’s 50 day moving average price is $14.34 and its 200-day moving average price is $14.34.

Nuveen AMT-Free Municipal Value Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be issued a dividend of $0.0485 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Wednesday, April 15th.

About Nuveen AMT-Free Municipal Value Fund

Nuveen AMT-Free Municipal Value Fund (NYSE: NUW) is a closed-end management investment company that seeks to provide shareholders with regular income exempt from federal alternative minimum tax. The fund primarily invests in municipal obligations issued by U.S. state and local governments, including general obligation bonds, revenue bonds and notes. By focusing on instruments that are free from federal AMT, the fund targets investors looking for tax-advantaged income in a structured, professionally managed vehicle.

Since its inception in September 2008, NUW has employed an active management approach, aiming to build a diversified portfolio of investment-grade municipal securities.